Business Problem Solving

Most businesses need to set objectives and implement a plan to meet those objectives. If you are just starting out, we will help you determine what business form best suits your situation. If you have an established business, we will review your current business form to ensure that it is continuing to meet your needs.

We will work with you and your advisors to solve your business problems. We can assist you with loan applications, business plans, pricing, credit policies, cash flow, cost controls and other business needs.

We will also help you oversee the day-to-day operation of your business, leaving you more time to do what you do best.

Tax Planning and Preparation

Tax returns, which you are required to file, are numerous and complex. Without proper guidance, you may pay more taxes than necessary. We will prepare your personal or business income tax returns, payroll tax returns and sales tax returns. Throughout the year we will monitor tax law changes that will affect you, recommend tax savings strategies, and serve as your advocate in tax matters.

Accounting Services

You need an accounting system tailored to your individual requirements. From your records, we will prepare regular financial statements (including budget and cash flow analysis). Compilation, review or audited financial statements can be provided according to your needs. Helping you use the statements in managing your business and increasing your profitability is an important aspect of our service to you.

Wealth Management   

We are fully licensed to provide investment and insurance products and we are trained to systematically address your financial and wealth management issues (https://my.hdvest.com/wfox):

  • ·         Investment Management Issues
  • ·         Cash Flow and Debt Management Issues
  • ·         Family Risk Management Issues
  • ·         Retirement Planning Issues
  • ·         Education Planning Issues
  • ·         Legacy Planning Issues
  • ·         Business Planning Issues
  • ·         Special Situations Planning issues

Capabilities

Establishing and Maintaining Accounting Systems

Determining the proper amount of information is as much an art form, as it is a science.   All information has a cost. While tracking job costing to the nearest penny may be technically possible, it may not be the best allocation of company resources.  Fox & Stephens, CPA's can help a company determine the proper amount of accounting information and establish an accounting system to acquire that information.

Preparation of tax returns

Developers, builders, and specialty trade contractors each have specific requirements imposed by the IRS as to what costs are currently deductible and which must be written off in the future. There are also many specific rules concerning accounting methods which must be used in the preparation of tax returns.  Fox & Stephens, CPA's is well versed in these industry specific rules and can prepare the company's tax returns in a manner which will minimize the current and future payment of taxes.

Review or Audit of Financial Statements

Many banks and bonding companies require annual CPA prepared 'Reviewed' or 'Audited' financial statements. Not all CPA firms can perform audits of financial statements. Certain professional education must be maintained and a periodic review by our professional societies is required.  Fox & Stephens, CPA's has maintained its requirements to perform audits since the formation of the firm.